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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Bancolombia S.A. New York, April 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Bancolombia S.A. and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

Insider Monkey finished processing more than 700 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of December 31st, 2018. In this article we are going to take a look at smart money sentiment towards BanColombia S.A. (NYSE:CIB). BanColombia S.A. (NYSE:CIB) has seen an increase in activity […]

“Market conditions are changing. The continued rise in interest rates suggests we are in the early stages of a bond bear market, which could intensify as central banks withdraw liquidity. The receding tide of liquidity will start to reveal more rocks beyond what has been exposed in emerging markets so far, and the value of […]

NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Bancolombia S.A. Sponsored ADR Pfd (NYSE: CIB ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 9:00 AM ...

Moody's Investors Service has today assigned Counterparty Risk Ratings (CRRs) to 32 banks in Chile, Colombia, Paraguay, Peru, Central America and the Dominican Republic, and four of their foreign branches. At the same time, Moody's assigned a Counterparty Risk Assessment (CRA) to Corporación Financiera de Desarrollo S.A. (COFIDE) and to Banco de Desarrollo de El Salvador (Bandesal).

With 32 countries vying for 2018 World Cup glory in Russia, it is worth looking at how the competing nations' country exchange-traded funds (ETFs) stack up against each other. As you will discover, a country's likely success on the football field certainly doesn't correlate to success on its local stock exchange.

Colombian banks have closed all the accounts of South American cryptocurrency exchange Buda.com without warning or explanation.The company experienced a similar issue in Chile some months back, where several banks decided to close its account along with those of several other exchanges. According to local news, the move by the Colombian banks was unexpected, and the banks didn’t disclose why it was closing the accounts. Buda.com sent an email to its customers where it explained the problems it was facing which were affecting withdrawals.The exchange said the closure of its accounts was sudden which affects the company’s operations and its users seeking to access their funds in Colombian pesos.Buda.com CEO Alejandro Beltrán said the closed accounts were domiciled with Bancolombia, BBVA and Davivienda.Buda.com started noticing irregularities on the Bancolombia platform before bank officials told the exchange its account had been closed.The move by the banks might be linked to an internal circular from the Colombian Financial Superintendent wherein banks were advised not to interact with crypto platforms.Beltrán, however, believes the circular was a recommendation to the banks, not an order. Other Colombian exchanges such as BitINKA and Panda Exchange haven't reported any issues with the banks.A day before the banks closed Buda.com's accounts, the Colombian Senate held a session on the potential of cryptocurrency and blockchain technology. Senator Navarro Wolff, who convened the Third Senate Committee, stated that blockchain technology can be beneficial to the country in the areas of finance, electoral systems and management of public contracts. But Wolff also stipulated, "Regulation is required to protect the consumer and the user."
This article originally appeared on Bitcoin Magazine.